Press release

Riverstone Energy Limited (the "Company") has been notified that Riverstone Energy Limited Capital Partners LP, a person closely associated with each of David Leuschen, Pierre Lapeyre, Jr. and Kenneth Ryan, has acquired ordinary shares of the Company.

Details of the transaction(s) can be found in the Notification of Dealing Form below.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares

GG00BBHXCL35

b)

Nature of the transaction

Purchase pursuant to the Share Purchase Programme announced on 15 August 2017.

c)

Volume(s) and Price(s)

N/A

d.1)

Aggregated information

- Aggregated volume

- Price

- Principal amount

1,491 shares

GBP £13.0249

GBP £19,420.13

d.2)

Date of the transaction

23 August 2017

e.1)

Aggregated information

- Aggregated volume

- Price

- Principal amount

10,000 shares

GBP £12.9671

GBP £129,671.00

e.2)

Date of the transaction

24 August 2017

f.)

Place of the transaction(s)

London Stock Exchange

Enquiries

For Riverstone Energy Limited:

Brian Potskowski

Natasha Fowlie

+44 20 3206 6300

About Riverstone Energy Limited:

REL is a closed-ended investment company that invests exclusively in the global energy industry, with a particular focus on the exploration & production and midstream sectors. REL aims to capitalise on the opportunities presented by Riverstone's energy investment platform. REL is a member of the FTSE 250 and its ordinary shares are listed on the London Stock Exchange, trading under the symbol RSE. To date, REL has made 17 investments spanning conventional and unconventional oil and gas activities in the Gulf of Mexico, Continental U.S., Western Canada, the U.K. North Sea, the Norwegian Sea, Mexico and credit.

Neither the contents of Riverstone Energy Limited's website nor the contents of any website accessible from hyperlinks on the websites (or any other website) is incorporated into, or forms part of, this announcement.